ACC 305 Week 2 Problem E4-19 Wainwright Corporation

May 7th, 2015
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ACC 305 Week 2 Problem E4-19 Wainwright Corporation

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E4-19 - Wainwright Corporation - ACC305 Intermediate Accounting I Ashford University Required:1.Analyze each transaction and classify each as a financing, investing and/or operating activity (a transaction can represent more than one type of activity). In doing so, also indicate the cash effect of each, if any. If there is no cash effect, simply place a check mark () in the appropriate column(s). 2.Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning of the month was $40,000.Exercise 4-19Requirement 1FinancingInvestingOperating1. $300,0002.$(10,000)3.4.5.$ (5,000)6.(6,000)7.(70,000)8.55,0009.______________________________$300,000$(10,000)$(26,000)= $264,000Requirement 2Wainwright CorporationStatement of Ca

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